❓ Detailed parliamentary question regarding Alcoa's Supplementary Property Purchase Program (SPPP) and its impact on private homes and farms, including valuations, offers, sales, and water rights. The response indicates some data is confidential and unavailable.
AnsweredQoN 5560Legislative Council
QuestionView source ↗
(1) With regard to private homes and properties -
(a) how many were eligible under the SPPP; and
(b) how many were valued under the SPPP?
(2) Based on the valuations in (1b), -
(a) how many proceeded to the acceptance of an offer from Alcoa;
(b) how many did not proceed to the acceptance of an offer from Alcoa; and
(c) how many were disputed by the owners?
(3) Of the offers by Alcoa referred to in the answer to (2a), how many -
(a) have been completed to sale; and
(b) have not yet been completed to sale?
(4) What is the total value of the properties referred to in answers -
(a) (1b);
(b) (2a);
(c) (2b) Excluding those in (2c);
(d) (2c);
(e) (3a); and
(f) (3b)?
(5) With regard to farms -
(a) how many were eligible under the SPPP; and
(b) how many were valued under the SPPP?
(6) Of the valuations referred to in the answer to (5b) -
(a) how many proceeded to the acceptance of an offer from Alcoa;
(b) how many did not proceed to the acceptance of an offer from Alcoa; and
(c) how many were disputed by the owner?
(7) Of the offers referred to in answer to (6a), how many -
(a) have been completed to sale; and
(b) have not yet been completed to sale?
(8) What is the total value of the properties referred to in answers -
(a) (5b);
(b) (6a);
(c) (6b) Excluding those in (6c);
(d) (6c);
(e) (7a); and
(f) (7b)?
(9) With reference to the Equalisation Payment referred to in 3.3 (a) (ii) of Schedule 3 of the SPPP -
(a) what was the percentage Equalisation Payment over valuation paid on each farm referred to in question (7a);
(b) what was the percentage Equalisation Payment over valuation paid on each farm referred to in question (7b);
(c) what was the average percentage Equalisation Payment over valuation paid on all farms purchased by Alcoa;
(d) what was the percentage Equalisation Payment recommended by the SPPP Administrator to Alcoa for each farm valued;
(e) what was the percentage Equalisation Payment requested by each farm owner who disputed the percentage Equalisation Payment offered by Alcoa; and
(f) what was the percentage Equalisation Payment requested by each farm owner who disputed the percentage Equalisation Payment recommended by the SPPP Administrator?
(10) Of the farms referred to in (6a) that had tradable water rights -
(a) how many owners signed over their water rights to Alcoa as part of the purchase by Alcoa;
(b) what was the quantity of water signed over for each purchase;
(c) how many owners did not sign over their water rights to Alcoa; and
(d) what was the quantity of water for each farm that owners chose not to sign over?
(a) how many were eligible under the SPPP; and
(b) how many were valued under the SPPP?
(2) Based on the valuations in (1b), -
(a) how many proceeded to the acceptance of an offer from Alcoa;
(b) how many did not proceed to the acceptance of an offer from Alcoa; and
(c) how many were disputed by the owners?
(3) Of the offers by Alcoa referred to in the answer to (2a), how many -
(a) have been completed to sale; and
(b) have not yet been completed to sale?
(4) What is the total value of the properties referred to in answers -
(a) (1b);
(b) (2a);
(c) (2b) Excluding those in (2c);
(d) (2c);
(e) (3a); and
(f) (3b)?
(5) With regard to farms -
(a) how many were eligible under the SPPP; and
(b) how many were valued under the SPPP?
(6) Of the valuations referred to in the answer to (5b) -
(a) how many proceeded to the acceptance of an offer from Alcoa;
(b) how many did not proceed to the acceptance of an offer from Alcoa; and
(c) how many were disputed by the owner?
(7) Of the offers referred to in answer to (6a), how many -
(a) have been completed to sale; and
(b) have not yet been completed to sale?
(8) What is the total value of the properties referred to in answers -
(a) (5b);
(b) (6a);
(c) (6b) Excluding those in (6c);
(d) (6c);
(e) (7a); and
(f) (7b)?
(9) With reference to the Equalisation Payment referred to in 3.3 (a) (ii) of Schedule 3 of the SPPP -
(a) what was the percentage Equalisation Payment over valuation paid on each farm referred to in question (7a);
(b) what was the percentage Equalisation Payment over valuation paid on each farm referred to in question (7b);
(c) what was the average percentage Equalisation Payment over valuation paid on all farms purchased by Alcoa;
(d) what was the percentage Equalisation Payment recommended by the SPPP Administrator to Alcoa for each farm valued;
(e) what was the percentage Equalisation Payment requested by each farm owner who disputed the percentage Equalisation Payment offered by Alcoa; and
(f) what was the percentage Equalisation Payment requested by each farm owner who disputed the percentage Equalisation Payment recommended by the SPPP Administrator?
(10) Of the farms referred to in (6a) that had tradable water rights -
(a) how many owners signed over their water rights to Alcoa as part of the purchase by Alcoa;
(b) what was the quantity of water signed over for each purchase;
(c) how many owners did not sign over their water rights to Alcoa; and
(d) what was the quantity of water for each farm that owners chose not to sign over?
AnswerView source ↗
Answered
15 November 2007
Responded by
Parliamentary Secretary representing the Minister for State Development
Response time
29 days
(1)(a) & (b) 188 property owners were eligible to participate in the Supplementary Property Purchase Program (SPPP), owning 408 properties (separate titles) between them. All have been forwarded to one of three valuation companies for valuation.
2(a) - (c) As at Thursday 4 October 2007, there have been 56 acceptances of the Offer (to purchase) by Alcoa. 90 property owners have elected not to proceed to the offer stage and 42 property owners have yet to make a decision.
Several property owners challenged the valuations of their property or properties. Where they could show a material omission, or where it could be shown that comparative land sales data was incomplete, the Valuers were requested to review the valuation, with some adjustments having been made.
(3)(a) & (b) Alcoa advises that at 4 October 2007, 31 sales have been settled, with the balance proceeding towards settlement.
(4)(a) - (f) Some of this information is considered confidential. However, where a property owner accepts an Offer from Alcoa, details of the purchase will be publicly available from the Western Australian Land Information Authority (Landgate) after settlement and when the new owner is registered on the Certificate of Title.
(5)(a) & (b) 56 eligible property owners exercised the Farm Business Continuation Option (FBCO) in their SPPP application. 217 properties owned by them, each on separate titles, have been forwarded for valuation.
(6)(a) Two.
(6)(b) & (c) Property owners who exercised FBCO in their SPPP application have six months from the date of receipt of their valuation to identify a "like for like" property. Until more property owners have progressed through the system it is not possible to provide an accurate answer to these questions.
(7)(a) & (b) Alcoa advises that at 4 October 2007, two sales have been settled.
(8)(a) - (f) See answer to Question 4.
(9)(a) This information is considered to be confidential.
(9(b) - (f) See answer to Question 9(a).
(10)(a) - (d) As Transferable Water Entitlements issued by Harvey Water are not included in property valuations conducted for the SPPP, this information is not available to the SPPP office or to the parties to the Deed of Undertaking.
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2(a) - (c) As at Thursday 4 October 2007, there have been 56 acceptances of the Offer (to purchase) by Alcoa. 90 property owners have elected not to proceed to the offer stage and 42 property owners have yet to make a decision.
Several property owners challenged the valuations of their property or properties. Where they could show a material omission, or where it could be shown that comparative land sales data was incomplete, the Valuers were requested to review the valuation, with some adjustments having been made.
(3)(a) & (b) Alcoa advises that at 4 October 2007, 31 sales have been settled, with the balance proceeding towards settlement.
(4)(a) - (f) Some of this information is considered confidential. However, where a property owner accepts an Offer from Alcoa, details of the purchase will be publicly available from the Western Australian Land Information Authority (Landgate) after settlement and when the new owner is registered on the Certificate of Title.
(5)(a) & (b) 56 eligible property owners exercised the Farm Business Continuation Option (FBCO) in their SPPP application. 217 properties owned by them, each on separate titles, have been forwarded for valuation.
(6)(a) Two.
(6)(b) & (c) Property owners who exercised FBCO in their SPPP application have six months from the date of receipt of their valuation to identify a "like for like" property. Until more property owners have progressed through the system it is not possible to provide an accurate answer to these questions.
(7)(a) & (b) Alcoa advises that at 4 October 2007, two sales have been settled.
(8)(a) - (f) See answer to Question 4.
(9)(a) This information is considered to be confidential.
(9(b) - (f) See answer to Question 9(a).
(10)(a) - (d) As Transferable Water Entitlements issued by Harvey Water are not included in property valuations conducted for the SPPP, this information is not available to the SPPP office or to the parties to the Deed of Undertaking.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
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